VLC hanging (not responding) on start up

[ilovejazzmusic]

Hi
I know this problem came up before (the most recent discussion I can see was from April), but I didn't see a solution.
When I start VLC (the latest version that I just installed right now) on my MacBook Pro Retina running OSX 10.9.4, the program hangs for a while before allowing me to interact with it. In the Force Quit Applications window I see that it is Not Responding. This just started happening a couple of days ago after I updated VLC.
I have tried to reset all preferences solution, but it didn't work.
Is there a fix out there?
Thanks